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in washington today. a little bit of news that came from an unexpected source. bob woodward got his hands on an audio recording of the top commanding general in afghanistan meeting off the record with a fox news analyst. the meeting took place last spring. it was general david petraeus who was at the time commander of all u.s. forces in the war in afghanistan. and on the tape, fox news analyst says that she was asked by her boss, by the chairman of fox news to pass along some very specific advice for general petraeus. >> if you're offered chairman, take it. if you're offered anything else, don't take it. resign in six months and run for president. okay? and i know you're not running for president, but at some point when you go to new york next, you may want to just chat with roger. i just say what i have suggested and that we've discussed is next time you go to new york you're going to stop by and see him? >> yeah. i'd be happy. i haven't seen him in awhile. he's a brilliant guy. >> he's simply brilliant. >> he is. tell him if i ever ran, but i won't. but if i ever ran, i'd take him up on
. what is it like behind the scenes at the fiscal cliff negotiations? bob woodward will take us inside the negotiating room and explain if the president is trying to save the country from a financial plunge. and then, this. >>> we vote for you, you work for us! you stand up until you win. you think it is a joke. >> sean: the victims of hurricane sandy making it clear they are not going to be forgotten by the government or place. will they have a place to will they have a place to celebrate for christmas? try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. . >> sean: welcome back. emotions were running high last night in staten island, new york thousands of victims of hurricane sandy confronted federal officials about the lack of help. >> we go from one to another from fema to our homeowners. my insurance offered me $150
worse than belcher used a handgun to commit his crimes there are many aspects to this case. bob costas brought one of them into the arena last night. when he quoted a kansas city sports writer named jason whitlock who assigned some the blame for the horrible crime to gun possession. >> our current gun culture, whitlock wrote ensures that more and more domestic disputes will end in the ultimate tragedy and that more convenient store confrontations over loud music coming from darr will lead more teenage boys bloody and dead. they exacerbate our flaws tempt us to arguments and tempt us to confrontation rather than avoiding it. >> even if you believe what costas and whitlock are putting out there, what's the solution? the constitution gives americans the right to protect themselves,s that clear. many parts of the country people need hand guns in order to feel secure against criminals who might harm them. talking points has long felt that criminals who use handguns should be punished more harshly than they are now. in fact, all gun crimes in america should be federalized and that includes i
at halftime, sports caster bob costas, lecturing football fans, that means you, about gun control. critics are blasting costas. the murder suicide of jovan belcher has started the fire storm. >> in the coming days, belcher's actions and their possible connection to football will be analyzed. who knows? but here, wrote jason whitlock, is what i believe. if belcher didn't possess a gun, he and perkins would both be alive today. > >> greta: costas was quoting jason whitlock. immediately after he spoke, twitter blowing up with reaction. herman cain tweeting you tune in to a football game and listen to bob costas spewing sang t sancts drek. >> where are we headed? bob costas deserves to be fired for these remarks. >> he's allowed to have his opinion. yes, he's allowed to go there. >> we want to ban guns because the gun kills the person, not the person pulling the trigger. >> you want to get a political lecture by the rantings on the left, i suggest that bob costas could have worked for msnbc. >> jason whitlock's right. if there's no gun here, nobody's dead. i don't know what the issue is to tak
. >>> tonight, the murder-suicide of an nfl player results in calls for new gun laws, but was bob costas' halftime tirade appropriate? we'll debate that. >> the way politics in washington are today, there will still be slavery. >> that's the shocking claim of aan anonymous top obama advisor. >>> i believe it's safer to go over the fiscal cliff. >> do the democrats secretly want to plunge over the fiscal cliff? we'll examine the growing evidence that indicates this may be obama's secret plan. we'll have much more. hannity starts right here, right now. >> welcome to hannity. there are late breaking developments tonight related to the fiscal cliff battle being waged in washington. now, late this afternoon house speaker john boehner sent a letter to the president detailing a bold counter offer to the administration's plan. the g.o.p. proposal does not include a tax increase on the so-caldwell thee but does contain $800 billion in revenue through tax reform, another $600 billion in health savings and much more. all told, the net savings amount to around 2.2 trillion dollars. the white house r
that. he's considered -- he was brought in to citigroup by, i believe, bob rubin, spent time in the clinton administration. people describe him as a pretty partisan guy. he's much more liberal than geithner, although geithner is a guy whether he's liberal or not personally carried the president's water pretty well. you know, i'm not saying he did a good job, i'm just saying he did not deviate from the president's line. you know, it's interesting. guys like bob rubin when they were treasury secretary, he basically went up against the president. if you read some of bob woodward's books, which i have, i mean, the way bob woodward tells it, bob rubin, the treasury secretary for clinton, forced clinton to raise taxes but used that money for deficit reduction because he believed that would control the economy. president clinton did listen to him. and i'll tell you, i talked to bob rubin about that anecdote where clinton says you tell me a bunch of bond traders control the economy -- i'm paraphrasing -- and rubin said, yes, i am. i asked him about that once a couple years ago, and h
control took center stage during the half time show of a football game last night. and listen to what bob costas said in response it a murder-suicide over a kansas city player. >> handguns do not enhance our safety. exacerbate our flaws and tempt us into arguments and embracing confrontation rather than avoiding it. and here is what i believe if jovan belcher didn't possess a gun, he and cassandra perkins would both be alive today. stuart: we want to know what you think. go to our facebook page, weigh in, we value your opinion. and a top environmentalist, will a carbon tax will cause the glaciers from melting and temperatures from rising. his response in one second. >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. to relentlessly protectelock what matters most... [beeping.
his - kill his girlfriend and himself. bob kostas tries to use that. >>> and how to make love last. the answer under your nose. "fox and friends" starts right now. >> gretchen: good morning, everyone. oh, the fiscal cliff. i was wondering what makes love last and under your nose it must be a scent. >> or maybe it is a moustachah. what was it a tree falling again. >> brian: you want to hear it again. >> steve: yeah. >> gretchen: it sounds like a horror movie like something up in the attic. >> steve: it is breaking. cliffhanger. i don't know. if the economy falls in the forest and no one is here to hear it is there a sound. yesterday the republicans blame the democrats and the democrats blame the republicans. john had a exclusive with chris wallace. >> brian: chris wallace sat down with jone boehner. >> steve: here is mr. boehner describing the impression at the moment of what tim geithner was trying to sell him. >> i was ghasted and i looked at him and said you can't be serious. i never seen like it we have 7 weeks before election day andepped of the year. three of those weeks are w
and a hat for 38 bucks. >> add a cup of coffee and a hot dog. >> while we use the word trousers, bob pisani is here watching what's good morning, bob. >> happy monday, everybody. did you notice the market. nice rally here. again, the market is demonstrated that it believes a deal on the fiscal cliff is coming. i know. i didn't hear it over the weekend. headline risk was all anybody wanted to talk about on friday. if anybody says that a deal is not happening or it's going nowhere, we could wake up down 15 points on the s&p on monday. guess what? boehner said the deal is going nowhere. now, when i call the bulls on this, they say, bob, they didn't say a deal was off. they just said so far the negotiations are going nowhere. the market still believes that a deal is coming and it's going to be a substantive deal. instead and by the way, geithner insisted on tax rates issues. looks like there may be something happening eventually. we didn't fall apart on the whole thing. even futures weren't down overnight. instead we rally on a little bit overnight on the greek deal and for those that don't kno
] this is bob a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem that doesn't require routine blood monitoring. like warfarin xarelto® is proven effective to reduce the risk of an afib-related stroke. there is limited data on how these drugs compare when warfarin is well managed. no routine blood monitoring means bob can spend his extra time however he likes. new zealand! xarelto® is just one pill a day taken with the evening meal. and with no dietary restrictions bob can eat the healthy foods he likes. do not stop taking xarelto® rivaroxab
that bob toll cited, 1.8 to 2.8 million households fewer since 2007 were formed and that's playing catchup. we should have the formation of those households unrolling now. >> i thought it was amazing. saying the optimism has to do with demographics and not the fiscal cliff. kimberly clarke talkeded abo ee decline in birth rates. i don't shop for diapers. >> i did. not long ago. >> are you out of it? >> tail end. >> such a nice thing. >> amazing statement by them saying, listen, not a lot of people are having kids. >> what about adult diapers? >> there is some household formation in the u.k. we'll get at least one new baby in the u.k. right? >> she's a smart person. i wasn't going sexist there. i know better than that. i'm not going over the sex cliff. >> she's fashionable. >> yes, she is. >> even i know she's fashionable. >> whatever she wears maternity wear, it will be a boost. >> does she go to gsw? i said that was discount. it's designer. and you've got to go there. >> there's one on 79th street. >> gorgeous store. you can go to whole foods and you can buy shoes. may i suggest you do th
bob moffett t chairman of both companies, mmr, owns a stake in pxp, board seats. it's related. >> and yet, ackerson, did we get hold of him? he's always been very pro shareholder. this is the most anti-shareholder. unless you're a very large shareholder. >> isn't he cynical? >> these guys are different, moffett and our man in chesapeake. >> thank you. they approach the world a little different. >> is it different from you? you're fitzgerald. >> i don't want to say cavalier, but they like to take risks, that's how they built their fortune in the first police, they all take risks. >> i thought if you bought freeport, you were trying to play the grassberg, big copper, the china thing, i didn't know i was getting involved in a high stakes poker match. >> yes. which is why you're selling. >> let's get to bob pisani who's on the floor watch what's moving. >> moffett wants the cash flow from freeport who helped finance the drilling for mcmoran drilling. why did they have to spend 70% premium to buy these things? if i wanted to buy them, i could have bought them a lot cheaper, i wante
much. sort of a no deal. closer to the red side. we do still have some time, of course. >>> bob pisani, how are traders down here investing -- reacting to mr. obama and mr. boehner? >> it depends on what the headlines are. so the president said the clear majority voted for a balanced approach. but there's a lot of debate about what that means. representative boehner i thought was much more into fighting words over there. listen to what he said. increasing the tax rates is the wrong approach to take. he said there was a stalemate in the talks with the white house. look at the dow industrials. we did move down around 25, 30 points as his comments came out. he said we're almost nowhere in the talks. sitting right near the lows for the day. if you look at the overall sectors that are moving today, pretty much balanced on either side. pretty much even on the balance-decline line. worries about higher taxes on dividend paying stocks seem to be -- >> lows for the day but not violent downstrokes here. >> i think the problem is we'll have trouble moving into positive territory at the close. a l
with him. be sure to watch the o'reilly factor tonight as bill o'reilly will talk with bob costas. >>> a rare public speech by former president george w. bush praising the virtues of immigrati immigration. >> america is a nation of immigrants. immigrants helped builded the country that we have become and i am grants help build dynamic tomorrow ch as our nation debates the proper course of action relating to immigration i hope we do so with a benevolent spirit and keep in mind the contribution of immigrants. >> he gave the speech at a conference focusing on economic growth which the institute co-sponsors. >> they can hear you now verizon filing a patent for targeting ads some say are way too intrusive. the new technology would let people listen in on conversations and deekt the amount of people in your living room. >> they would be able to determine if a viewer is exercising eating or laughing then show ads based on a person's mood. >>> it's the moment you have been waiting for, heather. angel am brosch yaw kicking off the victoria fashion show in her $2.5 milli $2.5 million fantas
it is and what it means? we hit the streets. >> steve: indeed, and bob costas and his no spin zone to defend his half time gun control rant. what did he say and what does former nfl player think? he will join us live to react this hour. "fox & friends" hour two for thursday starts right now. >> gretchen: i thought the same thing that scarlet johansson was in times square answering ainsley's question. i thought what, a lucky day for steve and brian that yesterday they would have petra and today scarlet. >> brian: and the day before, victoria secret models. >> gretchen: what a week! >> steve: one of the young people when did respond said fiscal cliff, that sounds like something i probably studied in school. no. this is new. this is something that they've just fresh baked up for us. >> brian: this generation made it up! >> gretchen: they'll be paying for it. >> steve: for a long, long time. our children and children's children, consider the amount of dent this president has run up. this could be good news. the president of the united states did speak with speaker boehner yesterday on the phone. we
and of course inflation? leading strategist bob pavlick weighs in next. ashley: first let's sea how the dollar is moving right now. against the euro, euro is up against the dollar. the u.k. pound still moving slightly higher against the green back. we'll be right back. >> 20 minutes past the hour right now i'm jamie colby with your fox news minute. it has been a week and former president george h.w. bush is still in houston's methodist hospital with a lingering cough. the 41st president's condition, not life-threatening. the doctors were initially concerned it could be or turn into pneumonia but it hasn't. president bush is 88 years old. we wish him a speedy recovery. >> a company that tracks web traffic, 12:30 p.m. eastern time syria disappeared from the internet. the first countrywide internet blackout. they are blaming the government and they are saying terrorists is responsible. >> president obama is having lunch with mitt romney. the cameras did catch a glimpse of the former republican governor arriving earlier. the white house sit-down is the first face-to-face since the election back on
.com/pricerewind. a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem, that doesn't require routine blood monitoring. like warfarin, xarelto® is proven effective to reduce the risk of an afib-related stroke. there is limited data on how these drugs compare when warfarin is well managed. no routine blood monitoring means bob can spend his extra time however he likes. new zealand! xarelto® is just one pill a day, taken with the evening meal. and with no dietary restrictions, bob can eat the healthy foods he likes. do not stop taking xarelto® rivaroxaban without talking to the doctor wh
and bob corker. they promised a month ago not to vote to raise taxings under any circumstances. guess what they learned. they learned a lesson to barack obama. give away the people's money and they will vote for you. rather than to shrink the government and lower entitlement and put the government back in the confines of the constitution and let hard working americans to keep their money they will vote to raise taxings. they should remember a very famous pledge made by a very famous and well liked republican. do ow remember this. read my lipps. no new taxes . and when he violated that pledge. the voters threw him out of the white house. >> steve: but at this stage in the negotiations, john boehner made it clear. he will not raise the tax rates. he's looking at other way to raise revenue. we don't need to raise the rates close to 40 percent. >> they are saying that. they are disingenous. >> i respect in negotiation you take positions that you don't expect to end up with. lind an johnson said never watch them make sausage or legislation because give and take is unpleasant they talk about not
names. >> it's extraordinary. there is tremendous wealth in this country. yesterday bob pisani has been tallying the amount of money that's been given in dividends. it's not a great deal in the overall scheme of things. sandy continues to make me feel these numbers are too difficult. i find them unfathomable. the speech is about way too much unemployment and very unfathomable in terms of the actual destruction. you got numbers from two different governors. they are unusually low. i don't trust any number during this period. >> especially the number we'll get a week from today which estimates for nonfarm are not that good. 75 maybe. sandy will continue to ring in our ears for the next few weeks. >> and then i believe you're going to get when you get supplies rebuilt and enough bricks and enough lumber. did you see that lumber hit a six-year high yesterday. >> wow. >> copper. a lot of people talking about short buy on copper. everyone saying it's about china. a lot of copper comes from scrap and the scrap in the northeast where there's a huge amount of copper, it's extraordinary. a lot of
to explain about that. plus, we have bob from jones day who specializes in wall street deal making. jeff, it is ammo on wall street to do things behind closed doors. you don't want word to get out on the negotiations. it gets too messy. >> right. i wouldn't advocate for a lot of people to do what wall street does. one thing you can say is they've helped facilitate thousands of mna deals this year. they've figured something out with these transactions. the deals that are most successful have the better chance of success are the ones that you negotiate behind closed doors, not the ones that turn into hostile battles and spill out into public, which is what we're seeing noup. >> i understand that, but at the same time, what wh are we going to have a deal already? people are so frustrated by this. we've had 13 months to think about. now we're down to 26 days. bob, can you really make a deal on the fiscal cliff when the negotiation is out in public? do you think we'll get a deal done? that's what everybody wants to know. >> if everybody thinks we ought to get to a deal, we'll get to a deal. t
at the house, i'm telling you, mitt romney was dealt deprecating bob newhart and he blew away without self-deprecating and funny he was. hysterical. i said to my wife after that event, why don't we see this -- it has to be out there. but what would you tell them? i said, you better be funny. people like a guy who has a sense of humor. he had a lot of things he could pick him. neil: you never heard that mitt romney. >> he didn't do it when he was on the stump. you know, when these guys, they get disillusioned. they always think they're going to win. they are preaching to the crowd. they get out they re, 25,000 people screaming. and he walks out of here before he is. he thinks he's going to win. meanwhile, obama -- you know, the undecided people, they were screaming and calling his name. they get disillusioned. you get this euphoria state. but ifou make fun of yourself, and you make fun of the other guy and good taste, you have a good chance to win. neil: i think you're right. i think you have to recognize the inherent joke we all are. neil: >> he could've made fun about the offshore and isl
morning, bob costas admits he made a mistake addressing gun control during half time show of the sunday night football game. he says he should have done it when he had more time to flesh out his point of view. well, we'll be discussing that one. president obama says a deal will not happen without higher tax rates on the rich. kirsten powers, who i think has shifted to the right just a little recently, kirsten powers will be with us and defend the president's position. the city of huron, south dakota wants to ban eating while driving. all rise, the judge will have something to say about that. what can you legislate. what can you regulate in terms of behavior when you're driving. no eating? we want to hear from you e-mail us at varney@foxbusiness.com. and seven early movies.tibco so and pandora, bad news, down it goes. citi cutting 11,000 jobs and going to save a billion bucks a year. up a buck 30 on that one. seismic equipment supplier named mitchum, posted what's described as a surprise loss. down 17%. and a defense contractor, posted higher profits. better than expected. maker of tommy
, but ambassador susan rice failing to ease criticism again following meetings with senator susan collins and bob corker. joining us now, pulitzer prize-winning journalist, fox is contributor, a former pentagon official, fox his national security analyst. let's start with eight leading republican moderate, disappointed in ambassador rise performance in her meeting along with senator corker today. your thoughts. >> this is on all sides of the island a fact that this is a problem for her, i think, are really big problem. you know, the other thing, i just don't think president obama is going to do it. why? because her confirmation hearings are going to be like watergate hearings. watergate on benghazi. the talking points, mr. ambassador. to change the topic, told you to come out and say it was this fairy tale. the second thing is, why would he use the political capital to get her concerned to macanese the political capital for the fiscal cliff, taxes, except. >> can we say bring in on our make my day? the president gave her such a strong endorsement. it would be amazing if he backed off now and did
doctors, appreciate it. >> thank you. lou: now time for your comments, bob in houston saying, i hope that barack obama gets all of the taxes he wants, i will be the first to say i told you so when consequences happen, people learhe
-suicide, bob costas set off a bis of a controversy when he decided to address the issue of gun control during an nfl broadcast. >> if jovan belcher didn't possess a gun, he and kasandra perkins would both be alive today. >> why do athletes love guns? the reality is this is a gun culture. lots of people own guns. >> reporter: he says the issue of guns and athletes is about youth, money, and perceived power. >> the problem is that many don't outgrow their power, a new national pastime has some very deep seated issues. >> reporter: the league has had a strict gun policy in place since 1996 that prohibits players from bringing guns to any facility or event affiliated with the league. but that was not enough to stop a tragedy in kansas city this past weekend. for "cbs this morning," i'm jim axelrod in new york. >> senior correspondent john miller former fbi assistant director joins us now. how do they go about enforcing the existing gun laws? >> well what they do is -- they've got this policy and jeff miller the former head of the pennsylvania state police head of se
for your comments. rick said we are not amused with bob costas comments on the murder suicide. is everyone who doesn't agree with you a left-wing radical? no. another common is that the media has been talking about the nfl murder suicide. now we are talking about limited citizens gun rights. when we talk about the drugs that were taken by the nfl player? thank you for being with us tonight can i help you? i heard you guys can ship ground for less than thups store. that's right. i've learned the only way to get a holiday deal is to camp out. you ow we've been open all night. is this a trick to get my spot? [ male announcer r ] break from the holiday stress. save on ground shipping at fedex office.
said we are not amused with bob costas comments on the murder suicide. is everyone who doesn't agree with you a left-wing radical? no. another common is that the media has been talking about the nfl murder suicide. now we are talking about limited citizens gun rights. citizens gun rights. when we talk about the you know how painful hearurn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- rieving the pain quickly. try fast, long lasting gaviscon®.
doubles as a d.j. ♪ he's remixing one of his favorite bob marley tunes. steve. >> steve: wee! all right. let's talk regulations. it's being called the farm of the future, but this food supply doesn't come from land. it comes from the ocean. unfortunately, an entrepreneur's plan to bring his deep water fish farm that you're looking at right there to the united states to help boost our nation's seafood supply and economy has been derailed by u.s. federal regulations and now he's being forced to ship his operation somewhere else. we'll tell you where in a moment. why are we driving businesses overseas the way we've done with the oil industry? joining us is the fellow at the competitive enterprise institute, nonpartisan group that studies the economic impact of federal regulations. this guy by the name of brian came up with open blue. what it is, it's a fish farm that he's figured a way to take the nets out into the middle of the ocean and do what? >> what he's able to do is to fish farm not guilty a way that satisfies three important groups. one is the foodies. people who understand the ta
of all, he didn't lead with the grand bargain the last time. and bob woodward wrote a detailed book about the whole experience. more important thing here is that the republicans are saying, all right, we will go for increases in revenue. i don't want to parse terms. it's not a tax increase technical clear, but if you're taking in more revenue, it's not from growth, people are paying more, they're paying more money to the government. the president and the democrats, they will not -- dick durbin, harry reid, nancy pelosi, they're saying no to entitlement reform. if we don't get entitlement reform, it's a bad thing. don't you see it that way? >> two things the president is talking i don't see. one is increasing tax rates on individual taxpayers. that's not going to fly. i've never supported a tax increase rate-wise and i'm not going to. secondly, we're not going to discuss revenues until they're willing to put entitlement reform on the table. entitlement reform is tough for republicans, because it's valuable programs we're talking about, but they're sacrosanct for the democrats. you can't ha
for credit investors. they still want to buy this debt. >> bob, what do you make of what's going on on the floor today? are these companies outperforming right now? >> the short term, yes. i'll tell you what the problem is. it's been very difficult to actually pick the companies and get them right. it's only really been a small handful, particularly the ones that have moved from january to december. walmart is the big one. there haven't been an awful lot of others. here's the good news. there's a drop date. people say it's about december 17th. if we get nothing happening by december 17th, there's going to be a flood of companies that are either going to do special dividends or move the dividend of forward from january into december. you're not going to have to pick it. you're just going to see it move forward here. i think that's the good news. >> we're running the list of companies. looks like a k-tell commercial. >> in the universe of stocks, it's still not an enormous number. >> what's the downside, steve? here we are on the edge of this fiscal cliff. a lot of people say if we
and in the six years that we served together, i as majority leader, bob dole as minority leader, never once did a harsh word pass between us, although we differed on many issues, we debated vigorously on the floor of the senate, but it was not personal and we had dinner a couple times a week to talk about the issues and the problems that we had, and life in general. i think that's missing now, unfortunately. >> so i mean, who do you -- i don't know if blame is the right word, but how do you account for this idea that compromise is a dirty word in some quarters? is it tea party, is it extremes in either party? who is it? >> i think it's a combination of many factors, and i'm not an expert on this. i don't pretend to have all of the answers. but first, you now have redistricting which means that the vast majority of house members are elected in safe seats so the crucial election is not the general election, it's the primary election, and as we know in primaries, there's low participation which gives a hugely disproportionate power to the rigid extremes on both sides. that makes it very difficult.
, bob. we did. got it. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure are happy. how happy are they jimmy? happier than antelope with night-vision goggles. nice! get happy. get geico. fifteen minutes could save you fifteen percent or more. >>> moment of geek which begins with a moment of history he. if americans are familiar with the phrase cooper union chances are it's because of this. matthew brady's cooper union of abraham lincoln. he took it on the same day he gave his cooper union address. he was presidential candidate lincoln and it's he believed that speech he gave that night in which he outlined his ideas about slavery, that speech is thought to have helped win lincoln the republican nomination and later the white house. this is the building where lincoln gave that spe
on the trading floor. bob pisani's here with me. once again -- >> the fiscal cliff circus continues. we're going along, it is nice and quiet day. then of course look at the dow jones industrial average. 1,130 or so. speaker boehner, head of the house, said no substantive progress made in talks with the white house. stocks dropped on those comments. there's that drop in the middle of the day. we came off around noon, that's when the democrats started talking. senator charles schumer of new york, among others, saying he was confident a deal could be made by christmas. stocks rose. you get the idea? stocks up, down, whoever says anything in washington. fact remains this is a pretty good market. 2.5 advancing stocks to deep kleining stocks. that's pretty good. look at advances. when you get a market where health care an materials an financials are all up, although fracti fractionally all of them are up, that's a nice advance for markets overall. not so great for retailers. there is serious damage today. kohl's down 10%. you don't see these stocks move 10%. tiffany's missed. that's a big move in tiff
about 18% year to date. back to you. >> thanks so much. bob pisani is here on the floor of the nyse, steady as she goes, caught in the narrow range today. >> sectors either side of positive or negative, a few individual groups are meeting, i want to highlight, a lot of questions about the retailers. historic high yesterday a number very weak. a lot of questions on gap. the reason gap is down is made some very cautious comments on gap, citing competition concerns, specifically talked about kohl's high inventory level that might cause them to be aggressive with promotions. weather unseasonably warm, not good for apparel. consumers hesitant. dashed.came out cutting guidance, own red lobster, cited consumers out there. playing in with the slight consumer slow down trend, see the notable restaurants down three 3, 4 or 5%. finally, sue, the bank index dropped here today and i can telling you the reason for that one today. elizabeth warren named the senate banking committee. ms. warren is a leading supporter of being very aggressive on banking regulation. the minute we sort of got confirma
good one. >> thank you, bob. >> shadow inventory, that's down, copper developing, you can't get the copper. a lot of things happening that are very bullish. let's go to rick santelli. >> gdp like the employers considered a big one. you can see that around 8:30 eastern, you had every so slightly an uptick in rates. we had a rather large division in our second look at quarter gdp. some interesting stories explaining where that came from. the inventory is good and you build it up and -- i would have expected we would have had a much bigger selloff in treasuries. last time we had the initial report on october 26, first look at third quarter gdp, when it was released at 2%. the chart shows we were down close to ten basis points, why? because that was considered somewhat weak, even at 2%. so the argument goes, why did we get such a small reaction on a big upward revision? a, the market may not believe it. b, we might be in a new realm of gdp, it's always a big number when it's released. we're halfway into the fourth quarter. finally, let's look at an intraday chart of the euro versus
to let the tax go up on the middle class. on the debt increase he doesn't have the same leverage. bob woodward pointed out that tim geithner said to president obama if the republicans stick to their guns on the debt limit bill you cannot reto it. the consequences will be so clam to us that you cannot veto it. so obama would have capitulated. megyn: that's what simon is saying now. that we shouldn't put the country in that position. >> the only way we'll get action on this debt. we keep spending and spending and raising our debt by $6 trillion every obama term. that's what catastrophic. the republicans need to stick to the boehner rule. a dollar of spending cuts for every dollar in spending increases. why give in on taxes and the fiscal cliff fight when you will have all the leverage. megyn: simon? >> in the rasmussen poll that came out today the republicans lost 10 points since the election in the congressional generic fight. they are losing this economic argument right now. if they pull what mark is saying, you are going to see the republican party's numbers in the 20s. they have no
: the older marketers are depressed too. thanks for being with us, bob backis. cheryl: home-improvement retailer hiring employees in wisconsin, there's a catch to this story. the jobs are in north dakota. the worker shortage in the booming oil state is so tight that they have to fly 50 employees on a company jet every week to work at this store and they will say in hotels and flown to wisconsin after each four day shift. presently they at 270 stores in 14 states and the unemployment rate of 2.3%. this is a permanent solution for -- as far as we can see. different story on jobs. dennis: i like it. you watch. the irs will try to tax all the stuff they're giving them to help them travel. try to tax the income. cheryl: don't worry, be happy. dennis: gas prices up 30% on average nationwide in the past five years. cheryl: how you feel about paying even more at the pump? the new talk of raising the gas tax to avoid the fiscal cliff, melissa and laurie have more coming up on markets now. the dow sinking below 13,000. [ male announcer ] this is steve. he loves risk. but whether he's
. bob costas admits he made a mistake addressing half time during sunday night football and that he didn't have time to flesh out his thought properly. last night on bill o'reilly "the factor" he was given moore time. >> i thought it was self-evident it was a domestic violence case, on retrospect i don't back up on anything i said. i think it might be more effective if i said look, if we're looking for perspective on this we're going to have a serious discussion within sports, ongoing, not five minutes of fully tears about it, but a discussion about domestic violence, about the culture of game itself. that would have been more effective and would have led to an understanding of what i was coming from. but i was talking about a gun culture, i never used the word second amendment. stuart: all right, interesting stuff and we're going to stay on the gun issue. a twitter war broke out over the second amendment. our next guest, carol roth went on piers morgan to hash out their differences face-to-face. >> what i don't expect is the interpretation of a lesson on the second amendment of the cons
. there is more to come at citigroup. >> looking at the headlines, i would say 11,000 jobs is a bob. roll forward. 900 million of cost savings. it is not unexpected. connell: they save 900 million, i believe, next year. and in 1.1 billion or more after that. do we read into it more and say it is a wall street story? >> we have a new ceo who knows consumer business. try to make his staff and his and person. we have to give him credit for that. bank of america announced something similar. there is still hiring. hiring at a different level. we do training for the new hires. the numbers are approximately flat, there are 2000 hiring numbers should be similar to 2012. ththe still is a hiring gogoing see, do people still want to work on wall street, do they still want to work there? are they looking at different things now than they did before the crisis? >> the numbers are still there. we do a lottof workshops. they are holding up. i think what is happening, the people that want to go to wall street are really excited about that as a career. the marginal people -- connell: they figured they didn't have
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